Kimberlee Cornett
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- Milken Institute1h 1m
Investing With Impact in Underserved Small Businesses
Aron Betru, Maria Contreras-Sweet, Kimberlee Cornett, Annie Donovan, John Lettieri, Kim Saunders, Aaron Better
Experts at a panel discussion analyzed the stark racial wealth gaps and the critical role of Community Development Financial Institutions in filling banking deserts left by post-2008 regulations. The dialogue highlighted policy mechanisms like Opportunity Zones and SBA loan guarantees while warning that deregulation or a shift toward real estate over small business investment could jeopardize capital for underserved demographics. Ultimately, the speakers framed the successful mobilization of capital for these communities as essential to preventing economic stagnation and maintaining U.S. global competitiveness against international rivals.